Unit Test — Unit test Answers

Which are examples of sole proprietorships? Check all that apply.

The graph below shows the value of the US dollar versus the Canadian dollar.

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Property taxes are usually determined based on

If the domino effect occurs as a result of changes in the money supply, what will most likely happen as an immediate result of banks having more money to lend?

Which of these statements most accurately describes currencies in North America?

Technologies that allow for instant worldwide communication include

Franchising is typically done by

When an economy suffers from low production, a country cannot

The Fed’s use of open market operations affects banks’

Which of the following statements most accurately describes the federal government and its employees?

Read the excerpt from a letter about the early trade union movement.The trade union movement came into being as a movement of hunger. It was made necessary by conditions. It was in the beginning formed in response to a hunger for enough to eat . . . As it became possible to secure more food, other hungers demanded satisfaction . . . The demands were for more and better food, for better clothes and for better homes. It required a struggle to satisfy these needs . . . [A]t every step of the way it was necessary to overcome the stubborn opposition of employers who were resolved not to recede and not to relinquish any of the powers and privileges which they possessed.—Samuel Gompers, 1920

Economic interdependence means that economic policies must balance the needs of

If the domino effect occurs as a result of changes in the money supply, what will most likely happen as an immediate result of interest rates being increased?

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